1,293,991 Shares in PayPal Holdings, Inc. $PYPL Purchased by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia acquired 1.29 million PayPal shares worth approximately $55.9 million, establishing a 0.15% stake. Institutional investors and hedge funds collectively own 68.32% of PayPal.
• Analysts remain cautious, with PayPal receiving an overall “Hold” rating and an average price target of $56.28, despite several analysts raising their targets.
• PayPal exceeded quarterly earnings and revenue expectations, reporting $1.38 in EPS and $8.68 billion in revenue, while announcing a quarterly dividend of $0.14 per share.

Bank of Nova Scotia purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,293,991 shares of the credit services provider's stock, valued at approximately $55,874,000. Bank of Nova Scotia owned about 0.15% of PayPal at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bard Associates Inc. bought a new position in PayPal during the 4th quarter worth $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal in the second quarter valued at about $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of PayPal in the second quarter valued at about $27,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PayPal in a research report on Wednesday, August 5th. Clear Str raised shares of PayPal to a "hold" rating in a report on Thursday, July 16th. Mizuho increased their target price on shares of PayPal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on PayPal from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price target on PayPal from $46.00 to $65.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $56.28.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,888,723.68. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is currently owned by insiders.

PayPal Trading Down 1.2%

Shares of PYPL opened at $61.55 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The firm has a market cap of $52.65 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.50 and a beta of 1.30. The business's fifty day moving average is $52.13 and its 200-day moving average is $47.51.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.PayPal's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. PayPal's dividend payout ratio is 10.59%.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Venmo’s expansion into college tuition payments could increase transaction volume. PayPal and Venmo are now being integrated with Illumia, Nelnet Campus Commerce and TouchNet, allowing students and families at participating universities to pay tuition and fees through the digital wallets. The initiative adds a potentially recurring, higher-value use case, although transaction fees and adoption will vary by school. PayPal, Venmo connect to colleges
• Positive Sentiment: Agentic payments offer a longer-term growth narrative. PayPal is positioning its platform around AI-enabled commerce, digital identity and automated payments, potentially allowing software agents to complete transactions on behalf of consumers. The strategy could strengthen PayPal’s relevance as commerce evolves, but commercialization and competitive execution remain uncertain. PayPal Agentic Payments: Can They Reshape the Future of Commerce?
• Positive Sentiment: Technical momentum and investor interest remain supportive. PayPal has formed a bullish “golden cross,” while David Einhorn’s reported $61.5 million stake provides additional visibility and may reinforce the turnaround case. David Einhorn's PayPal Bet Just Flashed a Golden Cross
• Neutral Sentiment: Takeover chatter is supporting the shares but remains unconfirmed. Reports have revived speculation about a potential sale process involving Stripe and Advent International. No offer or transaction has been announced, so any takeover premium is speculative. PayPal Stock Closes Higher Thursday
• Negative Sentiment: The recent rally has increased valuation and execution concerns. Investors are questioning whether PayPal can sustain momentum amid modest underlying revenue growth and intense competition in digital payments and buy-now-pay-later services. A director’s $253,716 sale under a pre-arranged Rule 10b5-1 plan adds a mild cautionary signal, though it is not necessarily an indication of deteriorating business prospects. PayPal Insider Selling

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal's platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal's portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree's developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source